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Winners of 2019 FirstBank sponsored National Company of the Year competition bag four awards in the Africa Company of The Year Competition, Ghana

Taidob College Abeokuta, winners of the 2019 NCOY sponsored by First Bank of Nigeria Limited, represented Nigeria at the 2019 African Company of the Year competition.

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Taidob College Abeokuta, winners of the 2019 National Company of the Year Competition (NCOY) organized by Junior Achievement Nigeria and sponsored by First Bank of Nigeria Limited on Friday 6 December 2019, represented Nigeria in Ghana at the 2019 African Company of the Year competition.

Taidob College left Ghana with four awards in the keenly contested competition, comprising representatives from 10 other Junior Achievement member countries in Africa, notably from the Kingdom of Eswatini (Swaziland), Ghana, Zambia, Gabon, Uganda, Zimbabwe, Mauritius, Botswana, Kenya and South Africa. Team Nigeria (represented by Taidob College) won the most awards of any other country present. The awards include; Client Focus Award, Entrepreneurial Spirit Award, Facilitator of the Year Award and was second runner up, Company of the Year Award.

The African stage of the Company of the Year competition is the sequel to the national event featuring 12 student companies who are zonal winners from across the country, including the eventual winner Taidob College Abeokuta. Terra Kulture, Lagos played host to the event on 3 October 2019.

Speaking on their performance, Folake Ani-Mumuney, Group Head, Marketing & Corporate Communications, First Bank of Nigeria Limited said “the youngsters from Taidob College have indeed made Nigeria and Nigerians proud. Winning four various awards is a recognition of the viability of the innovative solutions designed to save lives. The impact of their innovation – the Gas Leakage Detector – would go a very long way at solving the problem of fire outbreaks due to gas leakages in homes, offices, and industries. We congratulate Junior Achievement Nigeria on the strides achieved in Ghana”.

Last year, Inventive Explorers, from Caro Favored College Ajegunle, emerged the grand winners at the Africa Company of the Year competition in Ghana. Their rechargeable handheld LED traffic lights has solved a real problem in various congested communities and reduced traffic accidents, especially in areas with school children crossing busy streets. Over the years, FirstBank has been at the forefront of partnering with Junior Achievement Nigeria in Company of the year program and competition.

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The National Company of the Year Competition (NCOY) is an annual flagship event by Junior Achievement Nigeria’s (JAN), which convenes the winners of the JA Company Program Regional Competitions across Nigeria together to compete for the National Company of the Year Award. The national winner then proceeds to represent Nigeria against other JA Africa member-nation companies.

About FirstBank

First Bank of Nigeria Limited (FirstBank) is the premier Bank in West Africa and the leading banking services solutions provider in Nigeria for 125 years. With some 15 million customer accounts, FirstBank provides a comprehensive range of retail and corporate financial services with over 750 business locations. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, as well as a Representative Office in Beijing.

Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimised risk management and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatisation and commercialisation schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.

FirstBank has been named “Most Valuable Bank Brand in Nigeria” six times in a row (2011 – 2016) by the globally renowned “The Banker Magazine” of the Financial Times Group; “Best Retail Bank in Nigeria” for seven consecutive years (2011 – 2017) by the Asian Banker International Excellence in Retail Financial Services Awards and “Best Bank in Nigeria” by Global Finance for 15 years. Our brand purpose is to always put customers, partners and stakeholders at the heart of our business, even as we standardise customer experience and excellence in financial solutions across sub-Saharan Africa, in consonance with our brand vision “To be the partner of first choice in building your future”. Our brand promise is to always deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on our inherent values of passion, partnership and people, to position You First in every respect.

Folake Ani-Mumuney

Group Head, Marketing & Corporate Communications

www.firstbanknigeria.com

 

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Are SMEs the solution to Nigeria’s wailing economy?

MTN Nigeria commenced The Revv Program to mitigate the effects of the pandemic on SMEs across Nigeria.

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The outbreak of the COVID-19 pandemic this year has been a major disaster to several sectors including the financial sector. The ensuing lockdown affected the global economy tremendously. SMEs in Nigeria were among the worst hit.

According to a survey published by the Fate Foundation and BudgIT on the ‘Impact of COVID-19 on Nigerian SMEs’, 94.3% of the total 1,943 respondents said the pandemic has negatively affected their business.

Back in 2017, the Small and Medium Enterprises (SME) sector comprising approximately 40 million SMEs contributed an estimated 48% to Nigeria’s Gross Domestic Product (GDP), and employed 84% of the country’s entire workforce, according to a National Bureau of Statistics (NBS) report released in 2018.

GDP is an important indicator of a country’s economic power. According to the NBS, Nigeria’s 2017 GDP was worth about N113.7 billion. Of that amount, the SME sector contributed 48%; that’s two percent short of half the total amount. This value provided by SMEs, which ensures the smooth running of the country, is why they are referred to as the bedrock of the economy.

But this was before the pandemic and the accompanying lockdown that resulted in an unprecedented economic tailspin affecting business operations, consumer spending, loss of jobs, and livelihoods. According to the Fate Foundation and BudgIT survey, off the businesses still managing to stay afloat, 72.1% cannot find the cash flow to continue running their business, and 59.2% are struggling to increase their revenue base.

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When asked in what area they want to be supported, 72.1% answered with cash flow; 67.7% said they’ll need support to make sales; 89.4% want the federal government to provide them with funding; 33.8% need access to markets; 74% want the private sector to support with funding; and 62.9% want business support.

Recently, MTN Nigeria commenced an initiative tagged The Revv Program to mitigate the effects of the pandemic on small businesses across Nigeria. Working with relevant stakeholders, subject-matter experts, and the company’s executives, the program aims to support over 10,000 small businesses.

At the virtual launch, Chief Executive Officer, MTN Nigeria, Ferdi Moolman, called on large corporates to join MTN and “strongly position themselves to support SMEs as a foundation to the growth of a stronger economy going into 2021 and beyond”, saying “The Revv Programme is our way of standing with SMEs in their journey to rise through these challenging times.”

Adopting a four-pronged approach that includes masterclass sessions, support with productivity tools, access to market and advisory initiatives, the programme seeks to help SMEs relearn, readjust, and retool their businesses. The masterclasses which have been held weekly since August 18 focuses on core areas of business management as part of a broader strategy to uplift the SMEs.

This will be followed by the selection of The Y’ello 200 (two hundred top-performing SMEs from the sessions) that will enjoy exclusive access to a broad range of technology and productivity tools and services absolutely free, for a period of six months. They will also receive productivity support to enhance their business performance, in addition to access to MTN’s media assets for product marketing, which will open up new market opportunities for their business’ growth and expansion.

The majority of the small businesses affected by the pandemic are facing funding problems.  The first masterclass, themed “Accessing the Right Funding for Your Business”, addressed this need. MTN Nigeria’s Chief Financial Officer (CFO), Modupe Kadri, together with other subject-matter experts threw light on ways SMEs can access funding from investors, and the role a properly managed cash flow system plays. “Anybody that wants to advance some securities to you will want to know the strength of your cash flow management; how you generate the income streams and how you’re going to keep the lead on that. The same thing also applies to your costs”, Kadri said.

In a subsequent masterclass themed, “Setting Up Your Business for Success: The Technology Advantage”, the Chief Enterprise Business Officer of MTN Nigeria, Lynda Saint-Nwafor shared that the concern for SMEs is at the core of The Revv programme. “We have the interest of SMEs at heart and whilst we do not provide all the services that are applicable, we are willing to partner with organisations that provide access to technology tools that are relevant to SMEs on a platform that makes it easy for them to access at the right price”, according to Lynda.

The Revv Programme will not be the first time MTN is supporting small businesses in the country. In 2018 the company launched the viral “Man In The Box” campaign with commendable outcomes for SMEs in the country. The idea was to support small businesses with technology solutions and create awareness for them by showcasing their businesses in the “Box” to the entire world.

For 24 hours and for free, selected businesses were showcased within the “Box” on LED screens, and across MTN’s social media platforms. Man In The Box was a huge success; it awakened Nigerians to the enormous untapped possibilities that litter the SME space. SMEs that were featured in the “Box” told amazing testimonies of how they witnessed growth and increased patronage of their businesses.

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As we transit to a post-COVID environment, small businesses that had their business affected by the pandemic and are looking for new sources of income will have to pay attention to the programme. The good thing is, it does not matter how bad the pandemic may have affected their success, business will soon shape up for SMEs, especially the 10,000 small businesses to benefit from The Revv Programme. And with that, they will continue to provide the much-needed backbone for Nigeria’s economy.

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How to open free Bitcoin wallet in Nigeria

Cardtonic is one of the platforms that provides a free bitcoin wallet address in Nigeria.

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How to open free Bitcoin wallet in Nigeria

When it comes to cryptocurrencies such as Bitcoin, a bitcoin wallet address is very essential. A Bitcoin wallet address is made up of a string of 26-35 alphanumeric characters, that allows you to send and receive bitcoin.

Any bitcoin address can be used to transfer cryptocurrency to any other address on the network, provided the sender’s wallet software supports that address type. All addresses represent a destination on the Bitcoin network.

READ: BTC bounty: 69,000 Bitcoins worth $700 million waiting for you

How To Open Free Bitcoin Wallet In Nigeria

Creating a bitcoin wallet in Nigeria is very easy. Wallets come on different platforms with different features in Nigeria. However, it’s advisable you always go for the best. This guide will help you to find the best Bitcoin wallet in Nigeria for you.

How Do I Get A Free Bitcoin Wallet Address In Nigeria?

There are various ways to get a free wallet address in Nigeria. Prominent among them is by signing up to a platform that offers a free bitcoin wallet address.

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Cardtonic is one of the platforms that provides a free bitcoin wallet address in Nigeria. It is an online broker trading platform that facilitates the buying and selling of bitcoin, as well as gift cards. The bitcoin/gift card trading platform is designed to aid the buying and selling of bitcoin.

READ: Ethereum whale transfers 200,000 ETH, as price drops to $387

Get Free Bitcoin Wallet Address on Cardtonic

Cardtonic now offers Bitcoin Wallet Address for all users. The idea is that for each Bitcoin transaction, users will generate a unique, single-use address to provide to senders.

Why Cardtonic Offers The Best Bitcoin Wallet Address In Nigeria

Cardtonic has a nationwide reach, serving traders across Nigeria. Safe to say that it is also one of the largest gift card and Cryptocurrency exchange platforms in Nigeria.

Cardtonic deals in bitcoin and gift cards exchange, and at the same time provides a bitcoin wallet address that is of blockchain standard.

It is also one of the foremost bitcoin trading sites in Nigeria as it has greatly simplified the process for customers. The competitive advantage ranges from offering one of the fastest transaction times to having an extensive customer support system that is always on hand to provide assistance, not leaving behind the amazing bitcoin exchange rates. Thus, Cardtonic is raising the bar on bitcoin trading.

READ: Why Africans are fast using Bitcoin for payment transfers

Therefore, with all the ease around bitcoin trading on Cardtonic, whether you are trading little or large, you’d like to get value and ease for them. And apart from the fact that there are a limited number of platforms that have such features in Nigeria, not every service can be trusted in terms of security, efficiency, and exchange rate. All these can be guaranteed with Cardtonic.

How To Create Bitcoin Wallet Address On Cardtonic

To create an address on Cardtonic, follow the steps below:

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  1. Visit the website or download the mobile app on your android or iOS.
  2. As a user, proceed to the bitcoin trade page and generate your bitcoin address
  3. The address becomes permanently yours. You can receive bitcoin into your address at any time.
  4. Any amount of bitcoins sent to your address will be automatically added to your naira balance at the corresponding rates.
  5. Bitcoin trades on Cardtonic are completely automated and require no human or manual intervention.

Get Started

Download Cardotnic Mobile App: https://play.google.com/store/apps/details?id=com.cardtonic.app

Website: Cardtonic.com

Mail: Support[@at]cardtonic.com

Phone/Whatsapp: 07060502770

Instagram: @Cardtonic

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Earn up to 5,000 NGN just by signing up on Binance.com

Binance is offering bonuses for signing up for an account and trading Bitcoin there.

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Discover a good earning opportunity for all Nigerians. Sign up today, for an account on Binance.com, the world’s largest digital asset exchange, and you’re one step closer to a bonus of 5,000 NGN!

As technology advances fast, more earning opportunities have opened up for people worldwide. There are a lot of those online, and the internet has made it possible for every Nigerian to pursue more alternative income opportunities, such as trading Bitcoin and other cryptocurrencies.

Now, don’t be intimidated by those terms. Bitcoin is basically a kind of digital money that is accepted worldwide, and you can trade this and other cryptocurrencies (i.e. other forms of digital money) on Binance, the world’s biggest platform for trading these digital assets.

Binance has opened up a great opportunity for all Nigerians. Right now, Binance is offering up to 5,000 NGN (Nigerian Naira) in bonuses, for people who will sign up for an account and trade Bitcoin there.

How can you earn this bonus amount? Follow these three easy steps:

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  • Step 1: Sign up for Binance through this link.
  • Step 2: Once you verify your account, deposit your NGN on Binance.
  • Step 3: Trade your NGN for Bitcoin or four other cryptocurrencies, that you can buy with NGN.

With Binance, you can trade your local currency to Bitcoin (BTC), as well as two of the top 10 Bitcoin alternatives:

Ethereum (ETH) and BNB. You can also exchange your NGN with Tether (USDT) and Binance USD (BUSD), two of the top stablecoins in the market. Stablecoins, simply means crypto tokens whose worth is pegged to a currency, like the US dollar in the case of USDT and BUSD.

This special offer by Binance gives first-time traders, a whopping 50% bonus to their trades, which you will receive in the form of NGN. The bigger your trade, the higher your bonus becomes.

In other words, you can get this bonus 5,000 NGN, by trading as little as 10,000 NGN in your first trade.

Learn more about it in this post by our friends at Binance.

About Binance

Binance is the world’s leading blockchain and cryptocurrency infrastructure provider, with a financial product suite that includes the largest digital asset exchange by volume.

Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users. It features an unmatched portfolio of crypto products and offerings; including trading and finance; education; data and research; social good; investment and incubation; decentralization; infrastructure solutions, and more.

For more information, visit https://www.binance.com.

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